Sen. Bam to gov’t: Remove VAT on electricity to lower power rates

Date: February 11, 2019

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With consumers facing another electricity rate hike, Sen. Bam Aquino called on government to take the necessary steps to lower prices of power, particularly the removal of value-added tax (VAT) on electric generation, transmission and distribution.

Sen. Bam said government must prioritize energy infrastructure projects to help address the country’s supply issues, and to remove red tape to enhance competition and encourage more players in power generation.